Your First Move For Thursday July 17th

Wednesday, 16 Jul 2008 | 6:55 PM ET

Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.

Guy Adami recommends Schlumberger ahead of earnings

Pete Najarian suggests long Novartis .

Fast & Furious
An outlook on key financial news, with the Fast Money traders.

Both Jeff Macke and Karen Finerman think Microsoft is a buy.

But that’s not all. Following are the “Fast & Furious” trades. Yes, now we bring you even more Fast ways to trade tomorrow's market moving events.

BLUE-CHIP BONANZA: Nearly 20% of the Dow 30 report in a single day, Thursday: Expect to hear from Coke, JPMorgan, United Technologies, IBM, and Microsoft.

I think IBM and JP Morgan will move the market, says Pete Najarian.


AFTER HOURS ACTION: Google, Gilead, Merrill, Capital One and AMD all release earnings after the bell, Thursday.

The big dog there is Gildead , says Guy Adami.


JOBS NUMBER: Weekly new unemployment claims will be posted Thursday at 8:30am.

I don’t think it’s going to be a good number my friends, exclaims Jeff Macke.


HOMEBUILDERS HIT BASEMENT? Will housing starts out Thursday reveal light at the end of the tunnel for homebuilders?

It’s not what they start it’s what they sell, says Karen Finerman, so I don’t know what they’ll really tell us on Thursday.


BRITISH OPEN: The tournament begins at the Royal Birkdale Golf Club, but Tiger will be sitting this one out due to a knee injury...It's the first major he's missed since 1996.

Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On July 16, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (GS), (MSFT), (USO), (WMT); Adami Owns (C), (AGU), (GS), (INTC), (NUE), (BTU), (MSFT); Najarian Owns (AAPL), (NOK), (TSO), (XLF), (GS); Najarian Owns (ANR) Puts; Najarian Owns (CSCO) Calls, (PRU) Calls, (SLB) Calls, (UYG) Calls, (YHOO) Calls; (WLT) Calls; Finerman Owns (GS); Finerman's Firm Owns (MSFT), (NOK), (SUN), (TSO), (TWX), (VLO), (AXP), (M); Finerman's Firm Owns (TGT) Calls; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Long SPX Index Puts; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM)

Charles Schwab Is A Sponsor Of "Fast Money"

  Price   Change %Change

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report